Thread: Buying Gold with my Thai savings?

Originally Posted by socal

27% up YTD priced in US dollars.

$215 (2000) to $1415 (2010) = $1200 (600% increase in ten years).

Asians are the long term buyers. What do Asians use to store their long term wealth?

Could be US$, already tried that - big mistake.

Euros bit dodgy.

Lets stick with tried and tested GOLD

Home - Iraqi Dinar - Registered Iraqi Dinar Dealer

I'm devastated. this only applies to Americans. Chitown has it made.

Suppose I'll have to invest in gold then.

^Thormaturge what brought you to that site originally? Was there a story on it?


Jonathan Hoenig, the guy from the capitalistpig.com, who was early predicting the gold boom was on Fox this morning saying that investing in an index fund for the dollar could prove a smart move. It seems he thinks the dollar's value is going to up. He gave a suggestion as to what fund but I didn't catch that.

Ah the old Iraq Dinar million scam, no surprise Chitown fell for it

wonder if Keda did too

Originally Posted by OhOh

$215 (2000) to $1415 (2010) = $1200 (600% increase in ten years).

math not your strong, it's a 550% increase (or 6.5x)

SET in 2000 (250) to 1000 (2010) = 300% (or 4x)

Hedge Funds in 2000 to 2010 = 1,000% increase (or 11x)

Originally Posted by Butterfly

Originally Posted by OhOh

$215 (2000) to $1415 (2010) = $1200 (600% increase in ten years).

math not your strong, it's a 550% increase (or 6.5x)

SET in 2000 (250) to 1000 (2010) = 300% (or 4x)

Hedge Funds in 2000 to 2010 = 1,000% increase (or 11x)

This is the second dumbest comparison I have ever seen. Are you aware that some SET stocks go bankrupt and leave the SET index ? And are then replaced by other stocks ? Anyone with SET stocks they bought 2000 does not mean they made a 300% increase because they would have held stocks that left the SET index. The index is constantly CHANGING.

Total bullshit comparison. Gold is gold, all of what you bought in 2000 is a 600% increase.

Secondly, a hedge fund IS NOT AN ASSET CLASS, this is the dumbest comparison I have seen.

What Does Hedge Fund Mean?
An aggressively managed portfolio of investments that uses advanced investment strategies such as leveraged, long, short and derivative positions in both domestic and international markets with the goal of generating high returns (either in an absolute sense or over a specified market benchmark).

Originally Posted by Butterfly

Originally Posted by socal

if you are talking about individual stocks then I could bring up a number of gold stocks that pay dividends and have gone up hundreds of percent.

Gold stocks remains stocks, not Commodities, in that sense they are equity

their high performance is not directly linked to the performance of gold, even though they do capture some of that performance. But managing costs and revenues remain the main driving force behind the stock appreciation of such stocks.

If you want Gold exposure, you wouldn't buy Gold stocks, but instead some Gold index or ETF

That is bullshit

You trade in your paper cash to hold real money, gold. Buying into some synthetic ETF defeats the purpose of owning gold.

Gold stocks give you direct exposure to gold.

Originally Posted by socal

You trade in your paper cash to hold real money, gold. Buying into some synthetic ETF defeats the purpose of owning gold.

Gold stocks give you direct exposure to gold.

you really have a reading comprehension problem

Originally Posted by socal

second dumbest comparison

Originally Posted by socal

dumbest comparison I have seen

Originally Posted by socal

That is bullshit

Originally Posted by Butterfly

you really have a reading comprehension problem

he also likes to call other people dumb if they don't agree with him

socal is your typical fool, but he is young, so he will get burn and wised up eventually

Another story that says things were up Friday.

Gold powers back into record territory - Yahoo! Finance

Gold prices jumped back above $1,400 an ounce Friday to settle at a fresh record-high as the U.S. dollar slid following a surprisingly weak report on the nation's job market.
February gold futures rose $16.90, or 1.2%, to settle at a nominal all-time high of $1,406.20 an ounce. Gold was last at such lofty levels early last month, when it hit a series of record highs in non-inflation adjusted terms.
The advance came after the Labor Department's monthly report showed that employers added 39,000 jobs in November. The tally was far below market expectations and followed a much stronger gain of 172,000 jobs in October. The unemployment rate unexpectedly rose to 9.8% from 9.6%.
The disappointing jobs data tempered hopes that the U.S. economy was gaining momentum, and put pressure on the nation's currency. The dollar was down over 1% versus both the euro and the yen. It fell 0.9% against the U.K. pound.
"The numbers this morning were a bit of a surprise," said Tom Pawlicki, commodities analyst at MF Global. "It's not consistent with other economic data we've seen lately, and suggests that we're continuing a rocky recovery."
Pawlicki said the report could lead Congress to expand policies aimed at stimulating the economy, such as extending unemployment benefits and renewing tax breaks. That could help support gold prices because investors are nervous about the sustainability of government spending, he added.
Adam Klopfenstein, senior market strategist at commodities brokerage firm Lind-Waldock, said gold is getting a boost from growing demand from retail investors in China.
But he said the metal is also benefiting from "common factors" such as the weak dollar and safe-haven demand. "I think people are uncomfortable in solid currencies going into the weekend and want to own a tangible asset," he said.
Gold and other commodities that are priced in dollars tend to gain value when the U.S. currency declines. It is also considered a "hard asset" that tends to hold value better than stocks and bonds.
Looking ahead, analysts expect prices for gold and other precious metals to continue rising into next year as the economic outlook remains cloudy and policymakers around the world look for ways to stimulate activity.
According to analysts at Deutsche Bank, gold is headed back above its November highs and could reach $1,445 an ounce in the near term.
"We believe the high level of macro-economic uncertainty in a low interest rate environment will continue to work in favor of new price highs across the complex," Deutsche bank said in a research report.

It's all about how much you own. The little guys make a little in the end and the big guys get the load of the boom.

Originally Posted by DrAndy

he also likes to call other people dumb if they don't agree with him

You're right, the ladyboy loving Frenchman does indeed have that habit.

Originally Posted by Butterfly

your typical fool

Originally Posted by Butterfly

you really have a reading comprehension problem

Something interesting...



Seems to have been changed back already...

Gold reserve - Wikipedia, the free encyclopedia

A man covers his car in gold...



Gold swindling in Hong Kong retail



One note from the HongKong vid is that 'China has imported four times as much gold this year as the last.'

Wow, that's a lot of council yuan.

And she hits 20,000b.

Gold is gold is gold; it's a good buy, especially at current times, especially in Thailand where everyone keeps gold as a 'personal reserve' because it's so cheap to cash it at the pawnbrokers and get it back a few days later...

Gold is a much better buy in Thailand than a savings account; and this is what the thread basically asked, and has been proven over the time of the thread, just as CM has pointed out clearly above.

Papillion, Eye BAR!

Thai love Gold and that's where they put their savings. It's Gold and Land, or Condos. Very traditional and conservative way of investing, but not without risk.

As long they can afford it, it's fine, and since Thai don't think in terms of time value of money, it's also fine since Gold and Condos have a poor yield over the long term when adjusted for inflation and risk. Empty condos doesn't help either.

^ but better than savings accounts...

^ is it really ? savings account don't have any risk or lose money, until now

Gold will crash, that's a fact nobody denies, we just don't know when

Precious metals and Commodities have strange and long cycle

so socal is probably too young to know about them, which is his bias, he thinks things go up forever. Like a Thai

^mmm...

Papillion, there's a bottom you'll love on the malaysian canning thread; go have a wank...

I can't really complain, only perhaps that I didn't buy a 5b bar instead of the little 2b bar.

Put in what, 36,500 I think, now at 20,100 per baht it's worth 40,200. Better than leaving it in Kasikorn where it'd still be 36,500.

Unfortunately that's where the rest of my monthly change has been left.

So talk to me about stocks.

Say for 80-100k.

^ buy a condo

Do NOT buy a condo:

1) It's very tough to sell second hand condos here...

2) Thais are willing to sit on their investment for a long long time.

The way to make money here is to be in the know and buy of plan, but that is very tricky for us foreigners...